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Fly News Breaks for December 16, 2016
LM
Dec 16, 2016 | 08:39 EDT
BofA/Merrill analyst Michael Carrier downgraded Legg Mason two notches to Underperform and lowered its price target to $31 from $36. The analyst expects a rotation out of bonds and into equities to continue, slowing Legg Mason's organic growth and potentially absolute performance.
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